Radcom (NASDAQ:RDCM) Shares Cross Above Fifty Day Moving Average – Should You Sell?

Radcom Ltd. (NASDAQ:RDCM)’s share price passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $14.35 and traded as high as $14.45. Radcom shares last traded at $14.24, with a volume of 55,833 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen cut shares of Radcom from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 21st. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $18.00.

Radcom Stock Up 1.5%

The stock has a market capitalization of $241.06 million, a P/E ratio of 19.20 and a beta of 0.71. The stock has a 50 day simple moving average of $14.28 and a two-hundred day simple moving average of $13.04.

Radcom (NASDAQ:RDCM) last announced its quarterly earnings data on Tuesday, May 19th. The technology company reported $0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.01. The company had revenue of $18.59 million for the quarter, compared to analysts’ expectations of $18.61 million. Radcom had a return on equity of 11.68% and a net margin of 17.18%. Sell-side analysts predict that Radcom Ltd. will post 0.84 earnings per share for the current fiscal year.

Institutional Trading of Radcom

A number of large investors have recently added to or reduced their stakes in RDCM. Private Advisor Group LLC bought a new stake in Radcom in the third quarter valued at approximately $4,058,000. Lynrock Lake LP boosted its stake in shares of Radcom by 7.7% during the 4th quarter. Lynrock Lake LP now owns 2,441,775 shares of the technology company’s stock worth $31,938,000 after acquiring an additional 175,094 shares during the period. Nano Cap New Millennium Growth Fund L P acquired a new position in shares of Radcom during the 4th quarter worth approximately $1,334,000. Marshall Wace LLP increased its holdings in shares of Radcom by 58.1% during the 4th quarter. Marshall Wace LLP now owns 195,554 shares of the technology company’s stock worth $2,558,000 after acquiring an additional 71,873 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its holdings in shares of Radcom by 67.1% during the 4th quarter. Russell Investments Group Ltd. now owns 170,410 shares of the technology company’s stock worth $2,230,000 after acquiring an additional 68,420 shares during the last quarter. Institutional investors and hedge funds own 48.32% of the company’s stock.

About Radcom

Radcom Ltd. (NASDAQ: RDCM) is a provider of cloud-based service assurance and analytics solutions designed to help communications service providers monitor and optimize the performance of their networks. Its flagship product, RADCOM ACE, delivers real-time visibility into service quality, subscriber experience and network resource utilization across traditional and virtualized architectures. By combining packet-level data collection with advanced analytics and machine-learning algorithms, Radcom enables carriers to detect, troubleshoot and resolve network and service issues before they impact end users.

Founded in 1991 and headquartered in Tel Aviv, Israel, Radcom has evolved from an early vendor of network testing equipment into a specialist in end-to-end assurance for voice, data, video and next-generation services.